Cessna Delivers fewer jets in 3Q

Aviation International News » November 2009
October 29, 2009, 5:21 AM

Revenues in the third quarter at Cessna Aircraft decreased 41.8 percent, to $593 million, compared with the same period last year, primarily due to delivery of 68 Citations in the three-month period versus “an all-time quarterly high” of 124 jets last year, a drop of nearly 48 percent. Profits at Cessna decreased $206 million due to lower sales volumes and costs associated with idle capacity and temporary plant shutdowns. Backlog at Cessna at the end of the third quarter was $6.9 billion,
a decline of $1.3 billion from the second quarter and $9 billion less than it was just one year ago, a reflection of the 114 cancellations the aircraft manufacturer logged this year. 

FILED UNDER: 
Share this...

Please Register

In order to leave comments you will now need to be a registered user. This change in policy is to protect our site from an increased number of spam comments. Additionally, in the near future you will be able to better manage your AIN subscriptions via this registration system. If you already have an account, click here to log in. Otherwise, click here to register.

 
X